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Urban-High Street

The Stihl Building

306 NE Everett St, Camas, WA 98607

Listing Price: $1,450,000

Cap Rate
4.47%
Gross SF
8,200
Rentable SF
5,000
Price/Gross SF
$176.83
Lot Size
0.23 acres
Year Built
1959

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the property located at 306 NE Everett St & 605 NE 3rd Ave in downtown Camas, Washington.

The property consists of two commercial buildings built in 1956 and 1959 totaling 5,000 square feet of above grade retail and office space and an additional 3,200 square feet of below grade storage space. The two building are situated on two separate parcels totaling 9,750 square feet of land zoned Downtown Commercial (DC). This flexible zoning allows for a variety of commercial uses including retail, office and residential.

The property is currently 100% occupied by two tenants. Both Camas Power Equipment and Camas-Washougal Fire Marshal’s Office are on below market, modified gross leases. Both leases expire at the end of Nov 2024. The tenants are separately metered for electric and gas. Tenants pay all utilities except for water.

There is 1,550 square feet of excess land located in front of Camas Power Equipment, accessible from NE Everett St. The remaining 3,200 square feet is located in the rear of the property, accessible from NE 3rd Ave. The parking lot in the front is used for loading and unloading whereas the parking lot in the rear is striped for seven (7) parking stalls for employees and customers.

Investment Highlights

  • Fiberglass Roof Sealant Applied in 2023 with 10-Year Transferable Warranty
  • New HVAC Unit Installed for Fire Marshal's Office in 2023
  • Recent, Clean Environmental Report Available from 2021
  • Strong Exposure at Corner of 3rd & Everett - 10,000+ VPD

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Urban-High Street

The Stihl Building

Listing Price: $1,450,000

Cap Rate
4.47%
Gross SF
8,200
Rentable SF
5,000
Price/Gross SF
$176.83
Lot Size
0.23 acres
Year Built
1959

Investment Highlights

  • Fiberglass Roof Sealant Applied in 2023 with 10-Year Transferable Warranty
  • New HVAC Unit Installed for Fire Marshal's Office in 2023
  • Recent, Clean Environmental Report Available from 2021
  • Strong Exposure at Corner of 3rd & Everett - 10,000+ VPD

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the property located at 306 NE Everett St & 605 NE 3rd Ave in downtown Camas, Washington. The property consists of two commercial buildings built in 1956 and 1959 totaling 5,000 square feet of above grade retail and office space and an additional 3,200 square feet of below grade storage space. The two building are situated on two separate parcels totaling 9,750 square feet of land zoned Downtown Commercial (DC). This flexible zoning allows for a variety of commercial uses including retail, office and residential. The property is currently 100% occupied by two tenants. Both Camas Power Equipment and Camas-Washougal Fire Marshal’s Office are on below market, modified gross leases. Both leases expire at the end of Nov 2024. The tenants are separately metered for electric and gas. Tenants pay all utilities except for water. There is 1,550 square feet of excess land located in front of Camas Power Equipment, accessible from NE Everett St. The remaining 3,200 square feet is located in the rear of the property, accessible from NE 3rd Ave. The parking lot in the front is used for loading and unloading whereas the parking lot in the rear is striped for seven (7) parking stalls for employees and customers.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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